Red Flags to Avoid When Buying a Home

Dirty Little Secrets for Buying a Home Series
Buying a home can be confusing. That’s why the tips and strategies you’ll find in our 8-week series will set you on the right path. It’s our own unique approach and a “behind the scenes” glimpse of what you should look out for and consider when starting your own search for a home.

You’re excited to go house hunting and want to find the “perfect” home, right?!

Don’t let your excitement or desire for a home spur you to make any rash decisions or overlook some serious red flags. You don’t want a home you’ll regret buying, so carefully weigh the pros and cons before making an offer.

Some homes might seem good at first sight, but our list of hidden red flags could save you in the long run. At least consider them before you decide to make an offer on a home.

Remember to think twice about buying a home when you see these signs:

Home Inspection
You know you’ll need to hire a qualified home inspector to examine the home to see if there are any structural and maintenance issues. Some potential problems are hidden and hard to see at first so that’s why you want an inspector before you buy.

With low inventory over the North Shore buyers are trying to make their terms more appealing to a seller to get a home. At times, a buyer may waive an inspection to sweeten the pot! This is never a good idea. You can mark “as is” and still get an inspection to give you piece of mind against any red flags come up.

This allows you to decide if anything they find is worth the time and money to fix, or if it’s time to say good-bye. Your inspector isn’t going to tell you whether you should buy the home or not, he or she is only going to observe what is noticeable to their trained eyes on the day of your inspection.

Be sure to carefully consider moving forward with a home that has any of these items noted in your inspection report:

Lack of overall general maintenance. Don’t ignore this since it’s a warning sign that this home hasn’t been properly taken care of for many years. And that means that major issues – such as water damage — could be lurking.

Questionable fixer-uppers. Some issues are typical for the age and location of your home and not the sign of poor construction. You may not mind a typical fixer-upper with “good bones” in certain neighborhoods, but you do want to steer clear of a home that has too many issues but isn’t really that old. That’s especially true if the construction just doesn’t seem solid or sound, and if carpentry looks
unfinished.

Do-it-yourself additions or any DIY work that isn’t up to code. If the addition looks awkward and cheap, it probably is and could be detrimental to the home when you want to resell. Or, you’ll need to factor in the cost and time to tear down and rebuild properly. Make sure to ask for permits pulled and approvals given by the permit or building office in the jurisdiction where the home is located.

Moisture in the basement. This can mean two things: the home’s grading has some seepage issues and you’ve got the potential for mold. Usually the basement will smell musty if this is the case. Or, you may see signs of past water damage—that brown moldy looking damage on wood. Mold is a serious issue
and can cause health problems if pervasive so tread carefully!

Water marks on the ceiling or walls. This could signal a leaking roof, gutters rusting, or faulty plumbing – all leading to wood rot and other possible destruction. All can be fixed but you’ll need to determine the extent of the damage.

Hidden Problems
Sometimes you’ll walk into a room and feel like something is not right. Be a detective and examine the home carefully when looking for these signs:

Just one freshly painted wall could be hiding mildew, mold or water damage. Too much air fresheners or scented candles could be masking a strong odor from pets, smoke, or musty mold.

An oddly placed rug or piece of furniture could be hiding damaged floors or carpeting.

Windows and doors not opening and shutting properly. Go around and open and close them to double check!

New Construction
There are pros and cons on buying new construction. The pros are pretty obvious—you’ll be the first to live there, everything is brand new, and typically features the most modern finishes on the market. The list of “pros” could go on and on!

However, there are some major red flags you should be aware of when it comes with new construction, because new doesn’t always mean better.

Because no one has ever lived in this home to “test” it, there could be a lot of issues that come up well after you move in. No condo building, rowhome or condo unit is perfect, just because it’s new.

In fact, there could be more problems than a “used” home because the kinks haven’t been worked out yet. If no one has ever lived there, even a home inspector can’t find issues because it may take ten showers to figure out there is a crack in the pipe!

If it’s a new condo building, we’ve also seen condo fees rise substantially the first year after delivery, again, because there is no history to “test” the fees.

We always say, it’s best to be the second owner of a property after the previous owners have lived there for a few years and worked out all the kinks. Keep that in the back of your mind.

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All of these are warning signs to make you step back and thoroughly consider if you should proceed with the home no matter how much you love it. Although many things can be fixed, it really depends on your budget and the time and energy you can devote to what needs to be done.

There is no right answer here, but go into buying a home with your eyes wide open. That way you’ll have a better sense of what you are getting into and you can avoid any huge surprises down the road.

Next week our series will cover 4 Little Known House Hunting Tips. You’ll learn about two things you should always do, and two things you shouldn’t when looking at homes.